Prince Pipes & Fittings Ltd - Prospectus Synopsis

Prince Pipes & Fittings Ltd RHP

Registered Office : Plot No 1 Honda Indl Estat , Phase II Honda Sattari Honda , Goa - 403530 , Goa , India.

Phone : 91-22-66022222  Fax : 91-22-66022220

Email :    Website :

Initial Public Offering of 28,089,885 equity shares of face value of Rs. 10 each of Prince Pipes and Fittings Limited (the company or the issuer and such equity shares, the equity shares) for cash at a price of Rs. 178 per equity share including a share premium of Rs. 168 per equity share (the offer price), aggregating to Rs. 500 Crores* (the offer), comprising a fresh issue of 14,044,943 equity shares by the company aggregating to Rs. 250 Crores* (the fresh issue) and an offer for sale of 14,044,942 equity shares aggregating to Rs. 250 Crores, including 1,123,595 equity shares aggregating to Rs. 20 Crores by Jayant shamji Chheda, 7,865,168 equity shares aggregating to Rs. 140 Crores by Tarla Jayant Chheda, 2,808,988 equity shares aggregating to Rs. 50 Crores by Parag Jayant Chheda and 2,247,191 equity shares aggregating to Rs. 40 Crores by Vipul Jayant Chheda (together, the promoter selling shareholders and such offers the offer for sale). The offer constitutes 25.53% of the post-offer paid-up equity share capital of the company.^ ^subject to finalisation of basis of allotment The face value of the equity shares is Rs. 10 each. The offer price is 17.80 times the face value of the equity shares. *The company has, in consultation with the book running lead managers (brlms), undertaken a private placement of 596,500 compulsorily convertible preference shares, which have been converted into 5,965,000 equity shares for cash consideration aggregating to Rs. 106.18 Crores (pre-ipo placement). The size of the fresh issue of up to Rs. 356.18 Crores has been reduced by Rs. 106.18 Crores pursuant to the pre-ipo placement and accordingly the fresh issue is up to Rs. 250 Crores.

Issue Money Payable On
Opens On Closes On Application Allotment
18-Dec-2019 20-Dec-2019 Rs 178 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 84 Further Multiples of : 84
  Rs Cr Lead Managers to the Issue
Project Cost 250 Edelweiss Financial Services Ltd
Project Financed through Current Offer 500  
Post Issue Equity Share Capital 110.03  
Issue Price Rs. 178  
Repayment or prepayment in full or part of certain outstanding loans of the company
Promoted By Listing At Registrar to the Issue
Jayant Shamji Chheda
Parag Jayant Chheda
Tarla Jayant Chheda
Mumbai Link Intime India Pvt Ltd

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